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Hire Potential Top Performers And Develop Them - Column # 168

Marcus Straub

Marcus Straub

If you want a more enjoyable and rewarding experience as a business owner — along with a more successful business — it’s imperative you consistently work toward building and maintaining a dynamic and powerful team.

Do you want to reduce costly turnover? Would you like your business to operate with fewer errors and less interruptions to the flow of operations? Are you interested in greater efficiency and productivity? All this is accomplished by putting motivated and skilled individuals with positive attitudes in place and then helping them tap more of their tremendous potential on a consistent basis.

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Effective Leaders Offer Praise and Recognition - Column #167

Marcus Straub

Marcus Straub

Business leaders focused on moving their companies to ever higher levels of efficiency, effectiveness, profitability and success constantly look for ways to improve their business models. This requires an awareness of what is — and isn’t — working in daily operations.

There’s a potential pitfall here if leaders fixate only on what’s wrong.  While this approach might create some improvements and short–term results, over time it will damage other vital aspects of the business. Given their singular focus and accompanying astigmatism, these leaders will likely fail to see all that’s accomplished, the solid effort put forth by team members and how far the business has actually progressed.

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How Do You Measure Success In Your Business? - Column #166

Marcus Straub

Marcus Straub

A truly successful business — one that benefits the many and not merely the few — strives to create as much happiness and success as possible for owners, team members, customers and the community while generating a profit. This balanced approach takes all players into account and distributes the fruits of labor far and wide for the betterment of the whole.

There’s a commonly held belief in business that success is the result of selling as many products or services as possible to as many consumers as possible at the highest prices possible while paying the lowest wage possible to make as much money as possible. When followed, this limited perspective of success leaves everyone involved feeling taken advantage of; vastly undervalued; used; and, most importantly, unhappy.

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How Much Do You Enjoy Running Your Own Business? - Column #165

Marcus Straub

Marcus Straub

Why did you start your business? If you’re like most entrepreneurs, you probably wanted greater control over your destiny. Perhaps you wanted to build something meaningful that could be sold for a profit or passed down to your children. You might have also wanted more freedom, financial abundance and the ability to travel frequently. Maybe you wanted to make a difference in some fashion or actually enjoy what you do for a living.

More often than not, people who start a business do so based on what they know — what they’re good at and comfortable doing — not necessarily what they’re passionate about. Conduct this simple experiment to determine if you’re doing what you love. Consider the entire time you’ve been in business. How often have you been so excited you couldn’t wait to start your day? How often has it been just the opposite? Do you dread even the thought of working on or in your business? Be honest here.

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Are You Unknowingly Creating End-of-Life Regret? - Column #164

Marcus Straub

Marcus Straub

The second most-cited regret of people at the end of their lives is this: “I wish I hadn’t worked so much.” It’s an extraordinarily powerful and telling statement given all the things people could possibly regret when looking back at the lives they lived.

For those who have a lot of life left to live, this reality from the end of life points toward the wisdom in taking a different and more conscious approach to work and business.

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Does Fear Of Change Limit Your Happiness And Success? - Column #163

Marcus Straub

Marcus Straub

Change remains a reality of business, whether we want it or not. Business environments, economies, team dynamics and technology all change. So, for that matter, does the weather and relationships. Life is all about change. And if we habitually resist change, we limit the potential of all that’s available to us personally and professionally.

Many people avoid change because they must change themselves. Others who resist change focus on how hard the change will be, the possible negative outcomes and fear of the unknown. Moreover, we become comfortable in our current positions even if they ’re not creating happiness and success. By one estimate, fully
40 percent of people — about 3 billion worldwide  — resist change.

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Build And Develop Your Team With Assessments - Column #162

Marcus Straub

Marcus Straub

One of the biggest challenges business owners face in creating a company that stands above the rest is a lack of credible, unbiased information. It’s what you don’t know that really limits your potential. When considering the future growth of your business, having clear, powerful and accurate information that positions you to build and develop the best team possible is key to your success.

Are you looking for a way to hire correctly the first time, reduce turnover and increase retention? Do you want to improve the engagement and productivity of your team? Would discovering specific areas of staff training and development that would deliver the greatest return on your investment appeal to you? Have you ever wished you had clear-cut information to help you place your team members in positions where they’ll be the most effective and happy?

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Do You Foster Trust And Loyalty In Your Team Members? - Column # 161

Marcus Straub

Marcus Straub

As a business owner, it’s likely you have some understanding of the detrimental effects a lack of trust and loyalty can have on your culture, the success of your business and overall happiness. You also might have some insights into the tremendous benefits trusting and loyal team members bring to your business and customers.

Trust engenders loyalty in your team members: If you have my back, I’ll have yours. Any time trust between you and a team member is broken, any loyalty that existed is damaged to some degree. Once seriously damaged, it can be a lengthy process to rebuild trust and could, in fact, prove impossible.

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Do Your Customers Believe You’re Exceptional? - Column #160

Marcus Straub

Marcus Straub

Exceptional companies stand out in a good way in the hearts and minds of their customers. Companies accomplish this feat by delivering high-quality customer service experiences on a consistent basis.

Consumers not only have a variety of businesses from which to choose when they’re in the market for a certain product or service, but they’re also increasingly discerning when looking to satisfy their wants and needs. Consequently, it’s more important than ever to consistently deliver high-quality products and services to stand out in a positive way.

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How's Your Balance Between Life And Business? - Column #159

Marcus Straub

Marcus Straub

As a business owner, you’re the foundation of your enterprise. The more energized, inspired and invigorated you are, the stronger your operations.

A tremendous amount of time,  effort, attention and energy goes into running a business. With all there is to do, it’s easy for those who own a company to sacrifice many aspects, if not all, of their lives in the pursuit of success. There’s no benefit to working yourself into the ground, however. When you become fatigued and worn down, your business suffers because you don’t possess the mental clarity, energy and composure necessary to be the caliber of leader required and to create the level of success you desire. In addition, you aren’t happy.

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Do Professional Issues Hurt Your Personal Life? - Column #158

Marcus Straub

Marcus Straub

In my last column, I elaborated on several potential negative side effects associated with bringing personal baggage to work. I described how even long-term top performers can stumble and fall when they’re unable to effectively manage personal issues in the workplace. I also explored the domino effect these uncontrolled issues can have on fellow team members, customers and the business as a whole.

In this column, I’ll look at the other side of the coin. When people bring their professional baggage home, their personal lives are affected in very real ways. The ripple effects are felt far and wide. The adverse effects of this situation can damage and even destroy marriages, alienate children and cause others to avoid these unhappy, negative and often angry people. Perhaps you know a spouse, child or friend of someone who’s unable — or simply lacks the tools — to manage their professional lives effectively.

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